Trader Talk with Bob Pisani

Bob Pisani

Bob Pisani
CNBC "On-Air Stocks" Editor

A CNBC reporter since 1990, Bob Pisani has covered Wall Street and the stock market for nearly 20 years. Pisani covered the real estate market for CNBC from 1990-1995, then moved on to cover corporate management issues before becoming Stocks Correspondent in 1997.

In addition to covering the global stock market, he also covers initial public offerings (IPOs), exchange-traded funds (ETFs) and financial market structure for CNBC.

In 2013, he won Third Place in the National Headliner Awards in the Business and Consumer Reporting category for his documentary on the diamond business, "The Diamond Rush."

In 2014, Pisani was honored with a Recognition Award from the Market Technicians Association for "steadfast efforts to integrate technical analysis into financial decision making, journalism and reporting."

Prior to joining CNBC, Pisani co-authored "Investing in Land: How to Be a Successful Developer." He and his father taught a course in real estate development at the Wharton School of Business at the University of Pennsylvania from 1987-1992. Pisani learned the real estate business from his father, Ralph Pisani, a retired real estate developer.

Follow Bob Pisani on Twitter @BobPisani.

More

  • The Dow Industrials opened up 140 points up but in less than 2 hours it was down 140 points. It's a rare day when the Dow moves 300 points in a day — even rarer when that happens in 2 hours. What's the problem?

  • Stocks opened strong but weakened going into that number, led down by consumer stocks. Precious metal stocks, which were weak at the open, have rallied off their lows.

  • earnings_central_badge.jpg

    The key to trading today is July ISM, which comes at 10am ET. With the exception of May, it has been above 55 for a year. Unfortunately, the whisper numbers are fairly weak...with some estimates as lows as 52. Still expanding, but not very vigorously.

  • CNBC_debt_ceiling_2_bdg.jpg

    A trader I have known for more than a decade — a man with 30 years trading experience — called me this afternoon to say he has gone long the market, a comment I heard several times this afternoon.

  • CNBC_debt_ceiling_2_bdg.jpg

    Traders are betting a deal will get done. President Obama said earlier that Democrats and Republicans are not far apart on an agreement to raise the debt ceiling.

  • Can we conclude the second round of quantitative easing did not work? It may have solved the deflation problem, but it did nothing to help improve the jobs outlook or the economic outlook, it appears.

  • Lack of progress on the debt ceiling, and the consequences of a credit downgrade, are continuing to weigh on stocks, but it's more complicated than that.

  • Traders noting that Moody's announced they were placing select public finance credits of 162 local governments, 31 states, 14 housing finance programs and 1 university (whew!) on review for a possible downgrade of their AAA ratings.

  • earnings_central_badge.jpg

    It's not so much the company...it's the sector and a desperate grab for alpha (outperformance). I've been asked why a tea company, which yesterday was pricing 7.14 million shares at $13-$15, priced at $17, and opened at $28.95 (!). Here's the answer...

  • Traders tell me this indicates the Treasury believes the debt ceiling issue will be resolved soon.

  • Bob Pisani

    A CNBC reporter since 1990, Bob Pisani covers Wall Street from the floor of the New York Stock Exchange.

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